Title:Optimal Currency Area RevisitedAuthor(s):MERSCH, YvesDate:2011Type:OtherSeries/Number:EUI RSCAS DL; 2011/01; Pierre Werner Chair Programme on Monetary UnionAbstract:Several euro area member states are under increased market scrutiny although public finances in the euro area as a bloc are in a much better shape than in the US or Japan. The main reason is that the euro area is an alliance ...